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![]() IMPORTANT: We regard the latter view as more accurate and useful for traders. ![]() ![]() Japanese view: "Negative action because the stock closed sharply below its opening price The Western view: "Positive action because the stock was up 3/4 on the day." If, on an up day, the stock closes below its open, the Japanese would regard it as Thought says it's positive, however, according to the Japanese view, this is not necessarily NOTE: As long as the underlying stock closes higher than the prior day's close, Western Open and close of the same day, while the Westeners place the importance on the close as The main difference between Japanese Candlestick analysis and Western Bar ChartĪnalysis is that the Japanese place the highest importance on the relationship between the And over 65% of all trading losses can be attributed to being Simple concepts are mastered and understood, the trader will rarely find himself on the ![]() After gaining a clear understanding of these building blocks, the trader will neverĪgain find himself confused and not knowing what to do. The following concepts form the cornerstone of any and every sound trading technique or Email - this section, we will reveal a few simple keys to understanding how the market works.
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